12 The balance sheet given below is presented for the partnership of Janet, Anton, and Millet Cash $60,000 Liabilites $80,000 Other Assets 150,000 Janet, Capital 80,000 Anton, Capital 30,000 Millet, Capital 20,000 Total $210,000 Total 210,000 The partners share profits and losses in the ratio of 5 3 2, respectively The partners agreed to dissolve the partnership after selling the other assets for $50,000 On dissolution of the partnership, Janet should receive A $0 B $80,000 C $10,000 D $30,000

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Question: 12. The balance sheet given below is presented for the partnership of Janet, Anton, and Millet: Cash $60,000 Liabilites $80,000 Other Assets 150,000 Janet, Capital

12. The balance sheet given below is presented for the partnership of Janet, Anton, and Millet:

Cash	$60,000	Liabilites	$80,000
Other Assets	150,000	Janet, Capital	80,000
		Anton, Capital	30,000
		Millet, Capital	20,000
Total	$210,000	Total	210,000

The partners share profits and losses in the ratio of 5:3:2, respectively. The partners agreed to dissolve the partnership after selling the other assets for $50,000. On dissolution of the partnership, Janet should receive:

A. $0. B. $80,000. C. $10,000. D. $30,000.

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